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A comment on The Meaninglessness of the Stock Market Index in a Digital World.

Re:The Meaninglessness of the Stock Market Index in a Digita... by 21 on Thursday June 21, 2018 @02:01PM (#17367679)
All the professionals use the S&P 500 index.

The Dow Jones index is used only by the popular non-financial press.

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Re:The Meaninglessness of the Stock Market Index in a Digita... by repsilat on Thursday June 21, 2018 @05:53PM (#17369604)
The Wall Street Journal refers to the DJIA more often than the S&P 500, and they have a reasonable business section. They mostly do it because they're tied up with it, though.

No great loss to them, TFA notes that they're well correlated (and gossip about GE sells papers on slow news days.)

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Re:The Meaninglessness of the Stock Market Index in a Digita... by bob_theslob646 on Thursday June 21, 2018 @10:45PM (#17370900)
Would be curious to see a word frequency count of both in the WSJ.
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Re:The Meaninglessness of the Stock Market Index in a Digita... by imcoconut on Thursday June 21, 2018 @05:05PM (#17369286)
Actually, if you could measure it globally, most institutional investors who measure/benchmark to the US stock market probably use the Russell 1000. You're point is still valid tough regarding cap weighted vs. price weighted.
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